Cement News tagged under: Buzzi Unicem

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Morgan Stanley raises Buzzi Unicem rating

19 August 2014, Published under Cement News

Morgan Stanley has raised its rating on Italy's Buzzi Unicem to "overweight" from "equal weight", on a strong upside potential for the cement maker's stock which has underperformed the market since February amid uncertainty over Ukrainian and Russian markets. Around 50 per cent of Buzzi Unicem's earnings per share (EPS) growth in 2015 will come from a double-digit rise in EBITDA, lower financial costs and higher earnings in Mexico, Morgan Stanley said. The research house expect lower sa...

Buzzi Unicem: Italy still declining

04 August 2014, Published under Cement News

Buzzi Unicem's first half turnover improved by 2.7 per cent to EUR1180.7m and the EBITDA rose by 27.7 per cent to EUR138.5m. The depreciation and impairment charges include EUR30.9m in respect of writing off the goodwill in the Ukraine. The first half trading profit recovered from EUR3.1m to EUR14.1m and the interest charge declined by 1.2 per cent to EUR47m and the pre-tax loss was reduced from EUR26m to EUR11.1m. After a tax charge 9.1 per cent higher at EUR9.7m and a minorities charge ...

Buzzi Unicem and Wietersdorfer deal completed

31 July 2014, Published under Cement News

Buzzi Unicem has completed a strategic agreement with Wietersdorfer initially announced in February this year. Under the terms of the deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for its 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years. At the same time, Buzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with a capacity approaching ...

S&P affirms Buzzi rating, raises outlook

22 May 2014, Published under Cement News

Buzzi Unicem informs that today Standard & Poor’s affirmed the long-term corporate rating (BB+) and the short-term rating (B) on Buzzi Unicem, revising the outlook to stable from negative.

Buzzi Unicem hit by weak Italian market

28 March 2014, Published under Cement News

On a turnover 2.1 per cent lower at EUR2753.1m, Buzzi Unicem's EBITDA improved by 5.7 per cent to EUR481.2m. After writing down the assets in Italy and Ukraine by EUR57.7m and EUR39.9m, respectively, the trading profit (EBIT) showed a 24 per cent reduction to EUR149.8m. After a net interest charge 12.4 per cent lower at EUR110.5m, the pre-tax profit declined by 35.4 per cent to EUR50.3m. Because of a mismatch between where profits and losses were generated and tax payments, at the consoli...

Marketfield Asset Management raises Buzzi stake

25 February 2014, Published under Cement News

Marketfield Asset Management LLC has raised its stake in Buzzi Unicem to seven per cent from 5.3 per cent, as discretionary asset management, Italy's stock market regulator Consob said. The transaction was carried out on 10 February 2014. A total 6.64 per cent of the stake is held on behalf of Mainstay Marketfield Fund. Abstracted from an original article in Il Sole 24 Or.

Buzzi in strategic agreement with W&P Cementi

19 February 2014, Published under Cement News

Buzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent interest in Wietersdorfer & Peggauer's Italian subsidiary W&P Cementi.  As part of the same deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for the Italian cement major’s 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years.   ...

Buzzi sees advances in Russia and US

10 February 2014, Published under Cement News

Italian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced ...

New appointments at Buzzi Unicem USA

09 January 2014, Published under Cement News

David Nepereny has been elected as chairman of the board  for Buzzi Unicem USA, effective 1 January 2014. Mr Nepereny will continue as president and CEO of the company until 30 April 2014, at which time he will relinquish this position.  He has served as president and CEO for 24 years, and  will continue as executive chairman. On 1 May 2014, Massimo Toso will be appointed president and CEO of Buzzi Unicem USA. At the same time, Toso will be appointed CEO of Alamo Cement Company and its...

Buzzi to modernise Maryneal works, USA

03 December 2013, Published under Cement News

Buzzi Unicem USA plans to upgrade its Maryneal cement works in Texas, USA, which will more than double capacity at the plant and reduce its environmental footprint. Capacity at the Maryneal facility will be increased from 0.55Msta to 1.2Msta. The company will also install state-of-the-art pollution control equipment to significantly reduce the plant’s NOx emissions and comply with other stringent environmental limits. “The Maryneal plant expansion will result in a world-class facility tha...